Answer:
133 1/3 %
Step-by-step explanation:
24/18 = 4/3
4/3 * 100 = 133 1/3 %
Missed that 1/3
Answer:
- 20-year fixed-rate at 7.5%
- $106,219.32
Step-by-step explanation:
The shorter the term, the lower the amount of interest.
The lower the interest rate, the lower the amount of interest.
The loan that has both a shorter term and a lower interest rate will cost less in interest.
___
The total of payments for the 30-year loan is 396,232.87.
The total of payments for the 20-year loan is 290,013.55.
The amount saved by taking the shorter loan is the difference of these amounts: $106,219.32.
_____
You can use an amortization formula, spreadsheet, or a financial calculator to compute the payments for each loan. The total repayment amount is the product of the monthly payment and the number of them, 360 for the 30-year loan; 240 for the 20-year loan.
Answer:
StartFraction 24 Over 65 EndFraction
Step-by-step explanation:
Total number of students = 26
Number of boys = 10
Number of girls = 26-10
=16
Eduardo has to pull two names out of the hat without replacing them.
First name
Probability= Favourable outcome/Total outcome
Probability of girls=16
Total probability=26
Eduardo has to pull two names out of the hat without replacing them.
Probability= Favourable outcome/Total outcome
=16/26
=8/13
For the second name:
Without replacement of the first hat
Probability of girls=16-1=15
Total probability=26-1=25
Probability= Favourable outcome/Total outcome
=15/25
=3/5
Probability of both of Eduardo's partner for the group project will be girls=8/13*3/5
=24/65
StartFraction 24 Over 65 EndFraction
The answer to this question is f=7